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mortality. The economy consists of two sectors: final goods production and a health care sector, selling medical services to … individuals. Individuals demand health care with a view to lowering mortality over their life-cycle. We derive the age …
Persistent link: https://www.econbiz.de/10011437147
We develop a quantitative theory of mortality trends and population dynamics. We emphasize diseases as causes of death … and individuals' decisions to reduce their mortality by adopting, at some cost, a modern health-related technology … generates an S-shaped diffusion curve, whose shape dictates the pace of mortality reduction in each country. We use the model to …
Persistent link: https://www.econbiz.de/10014048726
This paper offers an integrated view of the relationships between health spending, medical innovation, health status, growth and welfare. Health spending triggers technological progress, which is a potential source of better outcomes in terms of longevity and quality of life, a direct source of...
Persistent link: https://www.econbiz.de/10014047534
applications amongst which we find stochastic mortality modelling, forecasting of death causes as well as profit and loss modelling …
Persistent link: https://www.econbiz.de/10013001147
We develop a simple overlapping generations model to analytically show that population aging leads to increased educational efforts through a general equilibrium effect. The key mechanism at work in the model is that scarcity of raw labor increases the rate of return to human capital relative to...
Persistent link: https://www.econbiz.de/10013157453
Persistent link: https://www.econbiz.de/10003845853
We study medical progress within an economy of overlapping generations subject to endogenous mortality. Individuals … demand health care with a view to lowering mortality over their life-cycle. We characterise the individual optimum and the …
Persistent link: https://www.econbiz.de/10011781886
overlapping generations economy in which individuals purchase health care to lower mortality. We consider three sectors: final …
Persistent link: https://www.econbiz.de/10011813315
There have been more than 500,000 opioid overdose deaths since 2000. To analyze the opioid epidemic, a model is constructed where individuals choose whether to use opioids recreationally, knowing the probabilities of addiction and dying. These odds are functions of recreational opioid usage....
Persistent link: https://www.econbiz.de/10013382024
growth, focusing on the effects of declining mortality. Unlike the existing literature, this paper stresses the role of … precautionary demand for children. As the mortality rate and thus uncertainty falls, this demand decreases. Furthermore, lower … mortality encourages educational investment in children. The key result is that this empirically observed quality-quantity trade …
Persistent link: https://www.econbiz.de/10014117227